Markets Trade Sideways, Bitcoin Touches $6,600 Earlier Today

Tuesday, Oct. 9: Crypto markets keep trading sideways, with almost all top 20 coins by market cap in the red after seeing some growth yesterday.

Bitcoin is slightly down around 0.3 percent today, trading at $6,627 at press time.

While markets continues to fluctuate in a mostly stagnant manner, Bitcoin is holding around 2 percent of weekly gains, as well as 5 percent gains over the past 30 days.

Ethereum has been trading around the same levels within the day, fluctuating between $226 and $231. The second cryptocurrency by market cap is down just over 1 percent over the past 24 hours, and is trading at $227 at press time, up around 3 percent over the past 7 days.

Ripple has seen bigger fluctuations over the 24 hour period, down around 2 percent, and trading at $0.48 at press time.

At press time, total market cap is $219 billion, while daily trade volume has slightly dropped to $11 billion.

The altcoin is trading at $1.41, up about 6 percent over the past 7 days.

Founder of financial advisory organization DeVere Group Nigel Green has recently suggested that the currently stagnant condition of crypto markets could be a "Signal that the cryptocurrency market is maturing." Indeed, the markets have seen some sort of lack of volatility recently.

Crypto analyst Joseph Young tweeted that the lack of volumes on markets last week was "Concerning," noting that it is "Quite evident" that the industry is experiencing "Seller fatigue." Given the two-month stability of Bitcoin's price, the "Bottom could be in," Young concluded.

Cointelegraph recently reported on a Juniper Research study which found that crypto markets are on the verge of "Implosion," while transaction volumes are dropping.